Disclaimer: I don’t own shares of Cognizant Technology Solutions ( CTSH ) The below analysis is not a trading or investment recommendation & is only for learning purpose. 1. CTSH entered a long-term uptrend in Nov’21 with price closing above the 200MA. 2.Price broke the previous high around $83 after having retraced 38% to $66. 3.Price has formed a double top...
Cognizant Technology Solutions have broken out of Multi year resistance range of 80-84. Price to buy 82-84 Target 110 in next one year.
CTSH near to breakout. 45 would be first target. I hope, It should be valid breakout for descending weekly triangle. Short entry : 59.25 stop loss : 61 first target : 45 second target : 33 Regards, Vkram
It seems that, we will get breakdown in CTSH shortly. Lets see
Looks like the risk/reward is in favor of longs